FTAI Infrastructure Inc. (FIP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FIP SEC filings page.
FTAI Infrastructure Inc. (FIP) reported $659.2M in revenue over the twelve months to Jun 30, 2026, up 72.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset expansion is being financed mainly with debt, while cash generation remains negative and the equity cushion has nearly disappeared.
Operating cash flow moved from$6M in FY2023 to-$118M in FY2025, showing the cash engine weakened after briefly turning positive. With FY2025 capital expenditures at$281M and free cash flow at-$399M , the enlarged asset base required cash beyond what operations produced.
Net margin improved from
Debt-to-equity rose from 7.6x in FY2024 to 173.9x in FY2025, indicating that liabilities became disproportionately large relative to reported equity. Reported equity was just
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of FTAI Infrastructure Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for FTAI Infrastructure Inc., and counted as zero in the overall score.
FTAI Infrastructure Inc.'s revenue surged 51.6% year-over-year to $502.5M, reflecting rapid business expansion. This strong growth earns a score of 87/100.
FTAI Infrastructure Inc. has elevated debt relative to equity (D/E of 173.92), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 7/100, reflecting increased financial risk.
FTAI Infrastructure Inc.'s current ratio of 1.18 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
FTAI Infrastructure Inc.'s operations used $118.0M of cash, and capex of $280.5M added to the outflow, for a free cash flow shortfall of $398.5M. This results in a cash flow score of 5/100.
Not available for FTAI Infrastructure Inc., and counted as zero in the overall score.
FTAI Infrastructure Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
FTAI Infrastructure Inc. reported a net loss of $152.1M while operations used $118.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
FTAI Infrastructure Inc. generated $186.8M in revenue in Q2 2026. This represents an increase of 52.7% from the same quarter a year earlier. Against the prior quarter it is down 0.8%.
FTAI Infrastructure Inc. reported -$139.4M in net income in Q2 2026. This represents a decrease of 99.3% from the same quarter a year earlier. Against the prior quarter it is down 9.6%.
FTAI Infrastructure Inc. earned -$1.41 per diluted share (EPS) in Q2 2026. This represents a decrease of 93.2% from the same quarter a year earlier. Against the prior quarter it is down 6.8%.
Not reported for Q2 2026.
Cash & Balance Sheet
FTAI Infrastructure Inc. recorded an outflow of $43.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 62.4%.
FTAI Infrastructure Inc. held $32.6M in cash against $2.3B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
FTAI Infrastructure Inc.'s net profit margin was -74.7% in Q2 2026, showing the share of revenue converted to profit. This is down 17.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.1 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
FTAI Infrastructure Inc. invested $82.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 0.9% from the same quarter a year earlier. Against the prior quarter it is up 77.6%.
Not reported for Q2 2026.
Not reported for Q2 2026.
FIP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $186.8M+52.7% | $188.4M+95.9% | $143.5M+77.7% | $140.6M+68.7% | $122.3M+44.1% | $96.2M+16.5% | $80.8M-0.8% | $83.3M+3.2% |
| SG&A Expenses | $3.7M-4.9% | $3.6M-30.5% | $4.0M-1.5% | $3.2M+7.1% | $3.9M+36.0% | $5.1M+5.2% | $4.1M+19.2% | $3.0M+20.3% |
| Interest Expense | $105.5M+78.2% | $82.5M+91.3% | $90.3M+171.0% | $73.3M+132.6% | $59.2M+99.4% | $43.1M+56.2% | $33.3M+27.3% | $31.5M+21.2% |
| Income Tax | -$11.6M-1316.0% | $3.5M+108.5% | $32.2M+2312.8% | $5.1M+5622.8% | $952K+256.6% | -$41.5M-2399.9% | $1.3M+1581.1% | -$92K-1250.0% |
| Net Income | -$139.4M-99.3% | -$127.2M-205.9% | -$97.7M+21.6% | -$104.5M-143.4% | -$70.0M-45.3% | $120.2M+338.9% | -$124.7M-212.3% | -$43.0M+14.2% |
| EPS (Basic) | -$1.41-93.2% | -$1.32-238.9% | -$1.07+11.6% | -$1.38-206.7% | -$0.73-40.4% | $0.95+275.9% | -$1.21-163.0% | -$0.45+18.2% |
| EPS (Diluted) | -$1.41-93.2% | -$1.32-248.3% | -$1.08+10.7% | -$1.38-206.7% | -$0.73-40.4% | $0.89+264.8% | -$1.21-157.4% | -$0.45+18.2% |
| Diluted Shares (Avg) | 118M+2.9% | 117M-4.9% | N/A | 116M+5.3% | 115M+9.4% | 123M+17.8% | N/A | 110M+6.7% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
FIP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.7B+30.4% | $5.7B+37.3% | $5.7B+142.1% | $5.5B+123.7% | $4.4B+79.7% | $4.1B+76.6% | $2.4B-0.2% | $2.4B+2.2% |
| Current Assets | $367.8M-31.8% | $397.6M+24.7% | $484.0M+120.2% | $442.8M+79.2% | $539.0M+86.4% | $318.7M+93.7% | $219.9M+18.5% | $247.1M+37.3% |
| Cash & Equivalents | $32.6M-3.0% | $37.9M+43.8% | $57.4M+106.4% | $34.7M+71.1% | $33.6M+1.6% | $26.3M+14.6% | $27.8M-5.4% | $20.3M-17.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | N/A | $95.4M+80.0% | N/A | N/A | N/A | $53.0M-5.4% | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $275.4M-31.4% | $365.7M-9.2% | $365.7M+32.8% | $401.2M+45.7% | $401.2M+45.7% | $403.0M+46.3% | $275.4M0.0% | $275.4M0.0% |
| Total Liabilities | $5.1B+40.7% | $4.9B+48.6% | $4.8B+150.5% | $4.4B+140.6% | $3.6B+101.1% | $3.3B+94.7% | $1.9B+16.8% | $1.8B+13.3% |
| Current Liabilities | $1.3B+267.7% | $361.7M-2.5% | $410.0M+63.5% | $1.8B+919.5% | $362.8M+163.6% | $371.1M+54.8% | $250.8M+66.5% | $173.7M+6.9% |
| Non-Current Liabilities | $3.8B+15.5% | $4.5B+55.2% | $4.4B+163.6% | $2.6B+58.3% | $3.3B+95.9% | $2.9B+101.4% | $1.7B+11.8% | $1.6B+14.0% |
| Long-Term Debt | $2.3B-23.8% | $3.8B+42.2% | $3.7B+140.9% | $2.2B+44.1% | $3.0B+93.1% | $2.7B+110.3% | $1.5B+14.8% | $1.5B+16.5% |
| Total Equity | -$329.8M-187.8% | -$122.5M-125.7% | $21.3M-89.5% | $181.1M-51.2% | $375.5M-4.9% | $476.2M+18.3% | $202.7M-58.2% | $370.8M-30.5% |
| Retained Earnings | -$754.0M-126.4% | -$625.9M-128.2% | -$513.0M-26.4% | -$438.6M-50.5% | -$333.1M-28.9% | -$274.3M-23.7% | -$405.8M-122.8% | -$291.5M-93.6% |
Not reported in any period shown, so not listed: Inventory.
FIP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $39.0M+847.7% | -$69.4M+19.0% | -$2.8M+65.8% | -$24.4M-271.1% | -$5.2M+70.3% | -$85.7M-2105.8% | -$8.1M-204.2% | $14.2M-3.2% |
| Depreciation & Amortization | $39.5M+16.2% | $50.7M+102.7% | $38.7M+101.0% | $34.8M+78.6% | $34.0M+68.6% | $25.0M+21.9% | $19.2M-5.8% | $19.5M-3.3% |
| Stock-Based Compensation | $5.5M+500.0% | $11.0M+776.1% | N/A | $1.5M-42.1% | $910K-49.4% | $1.3M-46.5% | N/A | $2.6M-38.5% |
| Capital Expenditures | $82.6M+0.9% | $46.5M-30.1% | $65.9M+151.3% | $66.3M+156.1% | $81.8M+461.7% | $66.5M+417.4% | $26.2M+29.1% | $25.9M+99.0% |
| Free Cash Flow | -$43.5M+50.0% | -$115.9M+23.9% | -$68.6M-100.3% | -$90.7M-678.3% | -$87.0M-170.7% | -$152.2M-809.0% | -$34.3M-172.3% | -$11.7M-785.2% |
| Investing Cash Flow | -$133.4M-55.2% | -$44.8M-127.2% | -$45.8M-60.7% | -$1.2B-3077.5% | -$85.9M-154.2% | $164.3M+971.8% | -$28.5M-251.3% | -$37.0M+17.2% |
| Financing Cash Flow | $71.6M-77.3% | $15.6M+715.6% | $20.6M-47.5% | $1.1B+5888.9% | $316.0M+82.1% | -$2.5M-458.8% | $39.2M+294.5% | -$19.1M-284.0% |
| Dividends Paid | $3.5M+3.0% | $3.5M+3.0% | $3.5M+2.1% | $3.5M+1.5% | $3.4M-45.4% | $3.4M | $3.4M+9.6% | $3.4M+10.4% |
Not reported in any period shown, so not listed: Share Buybacks.
FIP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -74.7%-17.4pp | -67.5% | -68.1% | -74.4%-22.8pp | -57.2%-0.5pp | 125.0% | -154.4% | -51.6%+10.5pp |
| Return on Equity | N/A | N/A | -458.3%-396.7pp | -57.7%-46.2pp | -18.6%-6.4pp | 25.2%+37.7pp | -61.5%-53.3pp | -11.6%-2.2pp |
| Return on Assets | -2.4%-0.8pp | -2.2%-5.1pp | -1.7%+3.5pp | -1.9%-0.2pp | -1.6%+0.4pp | 2.9%+5.1pp | -5.3%-3.6pp | -1.8%+0.3pp |
| Current Ratio | 0.28-1.2x | 1.10+0.2x | 1.18+0.3x | 0.25-1.2x | 1.49-0.6x | 0.86+0.2x | 0.88-0.4x | 1.42+0.3x |
| Debt-to-Equity | N/A | N/A | 173.92+166.3x | 12.23+8.1x | 7.99+4.1x | 5.59+2.4x | 7.60+4.8x | 4.14+1.7x |
| Asset Turnover | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.030.0x | 0.020.0x | 0.030.0x | 0.030.0x |
| FCF Margin | -23.3%+47.9pp | -61.5% | -47.8%-5.4pp | -64.5%-50.5pp | -71.2%-33.3pp | -158.3% | -42.4%-27.0pp | -14.0%-16.1pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FTAI Infrastructure Inc. FIP | FY2025 | $502.5M | -$152.1M | -30.3% | $335.6M | 21/100 |
| Compass Diversified CODI | FY2025 | $1.9B | -$226.4M | -12.1% | $829.1M | 32/100 |
| TETRA Technologies, Inc. TTI | FY2025 | $630.9M | $3.0M | 0.5% | $909.2M | 55/100 |
| Tejon Ranch Co. TRC | FY2025 | $49.6M | $75K | 0.1% | $441.3M | 42/100 |
| Boston Omaha Corporation BOC | FY2025 | $114.4M | -$12.4M | -10.9% | $392.2M | 30/100 |
Where FTAI Infrastructure Inc. Ranks
Frequently Asked Questions
What is FTAI Infrastructure Inc.'s annual revenue?
FTAI Infrastructure Inc. (FIP) reported $502.5M in total revenue for fiscal year 2025. This represents a 51.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is FTAI Infrastructure Inc.'s revenue growing?
FTAI Infrastructure Inc. (FIP) revenue grew by 51.6% year-over-year, from $331.5M to $502.5M in fiscal year 2025.
Is FTAI Infrastructure Inc. profitable?
No, FTAI Infrastructure Inc. (FIP) reported a net income of -$152.1M in fiscal year 2025, with a net profit margin of -30.3%.
How much debt does FTAI Infrastructure Inc. have?
As of fiscal year 2025, FTAI Infrastructure Inc. (FIP) had $57.4M in cash and equivalents against $3.7B in long-term debt.
What is FTAI Infrastructure Inc.'s net profit margin?
FTAI Infrastructure Inc. (FIP) had a net profit margin of -30.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FTAI Infrastructure Inc.'s return on equity (ROE)?
FTAI Infrastructure Inc. (FIP) has a return on equity of -713.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FTAI Infrastructure Inc.'s free cash flow?
FTAI Infrastructure Inc. (FIP) recorded an outflow of $398.5M in free cash flow during fiscal year 2025. This represents a -320.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is FTAI Infrastructure Inc.'s operating cash flow?
FTAI Infrastructure Inc. (FIP) recorded an outflow of $118.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FTAI Infrastructure Inc.'s total assets?
FTAI Infrastructure Inc. (FIP) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are FTAI Infrastructure Inc.'s capital expenditures?
FTAI Infrastructure Inc. (FIP) invested $280.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is FTAI Infrastructure Inc.'s current ratio?
FTAI Infrastructure Inc. (FIP) had a current ratio of 1.18 as of fiscal year 2025, which is considered adequate.
What is FTAI Infrastructure Inc.'s debt-to-equity ratio?
FTAI Infrastructure Inc. (FIP) had a debt-to-equity ratio of 173.92 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FTAI Infrastructure Inc.'s return on assets (ROA)?
FTAI Infrastructure Inc. (FIP) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FTAI Infrastructure Inc.'s P/E ratio?
FTAI Infrastructure Inc. (FIP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $335.6M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FTAI Infrastructure Inc.'s price-to-sales ratio?
FTAI Infrastructure Inc. (FIP) trades at 0.5x sales, its market capitalization divided by revenue of $659.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $335.6M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does FTAI Infrastructure Inc.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, FTAI Infrastructure Inc. (FIP) held $57.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $118.0M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is FTAI Infrastructure Inc.'s Piotroski F-Score?
FTAI Infrastructure Inc. (FIP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are FTAI Infrastructure Inc.'s earnings high quality?
FTAI Infrastructure Inc. (FIP) reported a net loss of $152.1M while operations used $118.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is FTAI Infrastructure Inc.?
FTAI Infrastructure Inc. (FIP) scores 21 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.